Murray criticises ‘witch hunt’

Sir David Murray says the decision to pursue oldco Rangers over
undisclosed payments to players amounted to a “witch hunt”.

A commission appointed by the Scottish Premier League found
there was a failure to properly disclose side-letter arrangements
in relation to Employee Benefit Trusts (EBTs) under Murray’s
ownership.

A fine of ?250,000 was imposed on the now liquidated oldco, but
the commission ruled there was no reason to strip Rangers of league
titles won between 2000-2011.

A statement from Murray in response to the verdict: “The
problems arising at Rangers brought no credit to Scottish football
and have been a tragedy for the club and its fans. They cannot be
condoned.

“Similarly, however, and as stated previously, efforts to
bayonet the wounded are equally unjustified and of no benefit to
the club or Scottish football.

“Despite knowledge of the existence of EBT arrangements for 10
years, the SPL has never explained why this was only raised as an
issue last year.

“The imposition of an irrecoverable fine on an entity which is
now in liquidation is futile and only prejudices the ability of
existing creditors to recover any money.

“It is saddening that so much time, effort and money has been
expended in pursuing a retrospective witch hunt against an entity
in crisis, as opposed to seeking to promote and further Scottish
football for the benefit of the game and country as a whole.”